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I calculate the first one got 12.106, but it not correct Suppose the following bond quote for IOU Corporation appears in the financial page of
I calculate the first one got 12.106, but it not correct
Suppose the following bond quote for IOU Corporation appears in the financial page of today's newspaper. Assume the bond has a face value of $2,000, and the current date is April 15, 2019. Company (Ticker) JOU (IOU) Last Yield Last Price 92.962 EST Vol (000s) Coupon 7.50 Maturity Apr 15, 2035 ?? 99 a. What is the yield to maturity of the bond? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) b. What is the current yield? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) a. Yield to maturity b. Current yield %Step by Step Solution
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